Argentina, Creditors Fail to Reach Deal -- Update

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Nicole Hong, Taos Turner and Matt Day Talks aimed at a last-minute settlement between Argentina and holdout creditors collapsed late Wednesday, and a court-appointed mediator said the country would "imminently" be in default. The likely default would be Argentina's ...

China PBOC to Drain $1.8 Billion This Week

TODAY: July 31, 2014 PUB DATE: July 31, 2014

SHANGHAI--China's central bank is set to drain a net 11 billion yuan ($1.8 billion) from the money market this week through its open-market operations, the first time it is withdrawing liquidity after net injections for 11 weeks in a row, ...

Australian Export, Import Price Indexes Fall in 2Q

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By James Glynn SYDNEY--Australia's export price index fell sharply in the second quarter, its biggest quarterly fall since late 2010, due to weaker prices for iron and coal, the country's two biggest exports. The Australian Bureau of Statistics said Thursday ...

Taiwan's Economy Grows 3.9% in 2Q, Well Above Forecasts

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Fanny Liu and Eva Dou TAIPEI--Taiwan's economy gathered pace in the second quarter, as electronics exports rose, companies stepped up investments and consumers continued to spend. In the three months ended June 30, Taiwan's gross domestic product rose 3.9% ...

Growth Rebound Stokes Fed Debate--3rd Update

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Jon Hilsenrath, Eric Morath and Nick Timiraos Federal Reserve officials delivered a modestly more upbeat assessment of the economy Wednesday amid a second-quarter growth rebound and deepening debate inside the central bank about when to start raising interest rates ...

Japan's Auto Exports Falls

TODAY: July 31, 2014 PUB DATE: July 31, 2014

TOKYO--Japan's exports of cars, trucks and buses declined 4.0% on year in June for the seventh consecutive month, the Japan Automobile Manufacturers Association said Thursday. Exports totaled 390,915 vehicles in June, down from 407,317 vehicles in the same month a ...

House, Senate Scramble to End Impasse Over Highway Bill

TODAY: July 31, 2014 PUB DATE: July 31, 2014

WASHINGTON--House Republican leaders pushed ahead with their preferred plan on federal highway spending, setting up a Thursday vote designed to force the Senate to accept a $10.8 billion measure funding highway projects through May 2015. The House and Senate have ...

U.K. Consumers Less Upbeat About Prospects in July

TODAY: July 31, 2014 PUB DATE: July 31, 2014

U.K. consumers were less upbeat about their prospects in July, the first decline in consumer confidence in six months. The U.K. economy continued to grow at a rapid pace in the three months to June, while the rate of unemployment ...

Correction to Taiwan's Economy Grows in 2nd Quarter Story

TODAY: July 31, 2014 PUB DATE: July 31, 2014

"Taiwan's Economy Grows 3.9% in 2Q, Well Above Forecasts," at 0152 GMT, misstated in the headline and second paragraph the increase in gross domestic product in the latest quarter. GDP rose 3.8%, not 3.9% (END) Dow Jones Newswires July 30, ...

Australian Home-Building Approvals Fall Sharply

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By James Glynn SYDNEY--Australian home building permits fell sharply in June, casting doubt on how well the housing sector will be able to counter weakness in other areas of the economy. Approvals to build or renovate houses and apartments fell ...

House, Senate Scramble to End Impasse Over Highway Bill--2nd Update

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Siobhan Hughes and Damian Paletta WASHINGTON--House Republican leaders pushed ahead with their preferred plan on federal highway spending, setting up a Thursday vote designed to force the Senate to accept a $10.8 billion measure funding highway projects through May ...

BOJ Board Member Kiuchi Signals Doubts Over Exports

TODAY: July 31, 2014 PUB DATE: July 31, 2014

KOBE, Japan--A member of the Bank of Japan's policy-setting board on Thursday voiced doubts over the prospects of a quick rebound in exports, highlighting the impact of structural changes in Japanese manufacturing and warning of possible slower growth in China. ...

Singapore 2Q Unemployment Rate 2.0%, Unchanged on Quarter

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Chun Han Wong SINGAPORE--Singapore's overall unemployment rate was 2.0% in the second quarter, holding steady from the previous three months, government data showed Thursday. The unemployment rate for residents eased to 2.8% from 2.9% in the previous quarter, while ...

IMF Urges China to Speed Up Reforms

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Bob Davis BEIJING--The International Monetary Fund warned that China's growth rate could plummet in the coming years unless Beijing speeds up the pace of its economic reforms. In its annual review of China's economic prospects released Wednesday, the IMF ...

Yuan Rising as China Economy Shows Signs of Improvement

TODAY: July 31, 2014 PUB DATE: July 31, 2014

China's yuan is set for a third monthly rally against the dollar, rebounding from an unprecedented tumble earlier in the year, with traders saying it is primed for further gains amid signs the world's second-largest economy is strengthening. The Chinese ...

China's Fosun Group Invests in Tom Tailor

TODAY: July 31, 2014 PUB DATE: July 31, 2014

SHANGHAI--A consortium led by China's Fosun Group is investing in German retailer Tom Tailor Holding AG (TTI.XE), bringing another Western brand under the private conglomerate's wing for expansion back at home. Fosun, Tom Tailor's management and other investors are buying ...

Boston Properties FFO Slightly Exceeds Guidance

TODAY: July 31, 2014 PUB DATE: July 30, 2014

By Josh Beckerman Boston Properties Inc. (BXP) said second-quarter funds from operations a share were slightly above its guidance due to cost savings and higher-than-expected development and management services income. The office-focused real-estate investment trust said Tuesday that funds from ...

ECB's Weidmann: Stronger German Wage Rise Is Positive -- Report

TODAY: July 31, 2014 PUB DATE: July 30, 2014

A stronger wage rise in Germany is positive amid virtually full employment in some sectors and regions and frequent reports that skilled workers are lacking, European Central Bank governing council member Jens Weidmann told Frankfurter Allgemeine Zeitung, according to a ...